Canadian Tire planning $3.5B real estate investment trust - CTV News
Written by Google.ca Thursday, 09 May 2013 07:01
The Canadian Press
Published Thursday, May 9, 2013 8:52AM EDT
Last Updated Thursday, May 9, 2013 8:53AM EDT
TORONTO -- Canadian Tire Corp. Ltd. (TSX:CTC.a) announced Thursday that it will create a $3.5-billion real estate investment trust to unlock the value of its property holdings, with an initial public offering expected later this year.
The move follows on the heels of a similar plan by grocer Loblaw Companies Ltd. (TSX:L).
It came as the high-profile retailer of general merchandise, sporting goods, financial services and automotive products and services announced a 2.9 per cent increase in first-quarter
Canadian Tire to spin off real estate holdings into investment trust - CBC.ca
Written by Google.ca Thursday, 09 May 2013 06:50Canadian Tire Corp. Ltd. announced Thursday that it will create a $3.5-billion real estate investment trust to unlock the value of its property holdings, with an initial public offering expected later this year.
The move follows on the heels of a similar plan by grocer Loblaw Companies Ltd.Canadian Tire 3-month TSX chart
It came as the high-profile retailer of general merchandise, sporting goods, financial services and automotive products and services announced a 2.9 per cent increase in first-quarter earnings amid a 1.7 per cent increase in total revenue.
The proposed new REIT would acquire a majority of the company's real estate, including a geographically diverse portfolio of some 250 properties comprised largely of Canadian Tire Retail
Canadian Tire plans $3.5-billion real estate investment trust - Globe and Mail
Written by Google.ca Thursday, 09 May 2013 06:12
Canadian Tire Corp. is taking a page from Loblaw Cos. Ltd.’s books, unveiled plans to spin its billions in property holdings into a real estate investment trust.
The REIT would own the Canadian chain’s portfolio of some 250 properties, roughly 18 million square feet worth $3.5-billion, the company announced Thursday.
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Canadian Tire would hold 80 per cent to 90 per cent of the REIT, with the rest going to investors through an initial public offering planned for the fall.
The company holds more than that going into the REIT, but stores under scrutiny for replacement, development or relocation wouldn’t be included.
“We are executing a strategy that reinforces the strength of our Company while pursuing new growth o
Neil Kozokoff: Foreign Investors Flock to Florida Real Estate - Marketwire - Marketwire (press release)
Written by Google.ca Thursday, 09 May 2013 04:13SOURCE: Neil Kozokoff - The Parkland Companies
Many Foreign Investors Are Showing an Interest in Florida Real Estate; This Trend Has Won a Comment From Neil Kozokoff
WEST PALM BEACH, FL--(Marketwired - May 9, 2013) - According to a recent article[1] in Sarasota, Florida's Herald-Tribune, many foreign investors are unaware of the promising investment opportunities found in the Sunshine State's real estate market -- but local realtors are doing everything they can to change that. The article claims that real estate professionals throughout Florida, and especially the Sarasota region, are aiming their efforts are investors from Europe, Latin America, and even Canada -- and many of those investors are obliging. The article has won the attention
Developers delay provincial investment - Bangkok Post
Written by Google.ca Thursday, 09 May 2013 02:42Property developers are reluctant to invest in provinces without major tourist centres because demand for housing is too low, Prasert Taedullayasatit, chief business officer of listed Pruksa Real Estate Plc, said on Thursday.
Mr Prasert said that Pruksa, a leader in the medium to low-end housing market, is being cautious about where it invests, because there are many real estate companies entering the market, but demand for property is low.
He said the property sector in Chon Buri and Phuket still has the potential to grow, because both provinces have strong economies supported by tourism.
Atip Bijanonda, president of the Housing Business Association and managing director of Supalai Plc, agreed that a limited number of provincial markets are
CPPIB and GE Capital Real Estate teaming up to invest in Tokyo office buildings - Victoria Times Colonist
Written by Google.ca Wednesday, 08 May 2013 22:32
TORONTO - Canada Pension Plan Investment Board and GE Capital Real Estate are teaming up to invest in office buildings in Tokyo.
CPPIB and GE Capital Real Estate will initially invest a total of US$403 million in the venture which will focus on mid-size offices in the key central business district of the Japanese capital.
The Canadian pension fund will hold 49 per cent, while GE Capital Real Estate will own 51 per cent.
"This opportunity provides us with an attractive entry point to the Tokyo office sector and supports our strategy to expand our real estate portfolio in Asia," said Graeme Eadie, CPPIB's head of real estate investments.
"We look forward to partnering with GECRE, one of the world's premier real estate lessors with a proven track
Housing Market Forecast Seminar Draws High Turnout of Real Estate Investors - PR Web (press release)
Written by Google.ca Thursday, 09 May 2013 02:09
San Diego, CA (PRWEB) May 09, 2013
The San Diego Investment Club FIBI (For Investors By Investors) had its monthly event last week on Thursday, May 2, 2013. Over 200 attendees came from throughout Southern California to the event. The highly attended event featured several speakers and was held at the Del Mar Hotel in Del Mar, CA.
The evening began with a time of networking among the group members and additional guests. A new “Real Estate Fast Start Program” kicked off the event. Analyst and investor Allan Hamilton led the half-hour program “Keep Your Eye on the Ball- Investing in an Artificial Market.” The informative segment was designed for those new to real estate investing.
Founder of Fast Home Help, Ted Ricasa, was also on
Developers delay provincial investment - Bangkok Post
Written by Google.ca Thursday, 09 May 2013 01:52Some property developers are cautious about investing in the provinces outside major centres because demand for housing is not high, Prasert Taedullayasatit, chief business officer of listed Pruksa Real Estate Plc, said on Thursday.
Pruksa, a leader in medium to lower-end housing market, is nowbreing careful with its investment in provinces because there are many companies entering the market, which he views as demand being still at a low level.
Mr Prasert said the markets in Chon Buri and Phuket still have potential for growth in the property sector as both provinces have strong economies supported by tourism.
Atip Bijanonda, president of the Housing Business Association and managing director of Supalai Plc, said he was surprised to see many
CPPIB, GE Capital to invest in Tokyo real estate - Benefits Canada
Written by Google.ca Wednesday, 08 May 2013 21:14
Staff | May 8, 2013
The Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate have formed a joint venture to invest in Tokyo office buildings.
They will make an initial investment of US$403 million to purchase mid-size commercial properties in the city’s central business district.
CPPIB will own a 49% in the joint venture with GE Capital Real Estate owning the rest.
“This opportunity provides us with an attractive entry point to the Tokyo office sector and supports our strategy to expand our real estate portfolio in Asia,” says Graeme Eadie, the board’s senior vice-president and head of real estate investments.
GE Capital Real Estate has been managing real estate properties in Japan since 1998.
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...CPPIB, GE Capital to invest in Tokyo real estate - Benefits Canada
Written by Google.ca Wednesday, 08 May 2013 21:14
Staff | May 8, 2013
The Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate have formed a joint venture to invest in Tokyo office buildings.
They will make an initial investment of US$403 million to purchase mid-size commercial properties in the city’s central business district.
CPPIB will own a 49% in the joint venture with GE Capital Real Estate owning the rest.
“This opportunity provides us with an attractive entry point to the Tokyo office sector and supports our strategy to expand our real estate portfolio in Asia,” says Graeme Eadie, the board’s senior vice-president and head of real estate investments.
GE Capital Real Estate has been managing real estate properties in Japan since 1998.
Read more:
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